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Richest 1% on target to own two-thirds of all wealth by 2030: World leaders urged to act as anger over inequality reaches a ‘tipping point’ By Michael Savage A
by drallison 9y ago
Richest 1% on target to own two-thirds of all wealth by 2030: World leaders urged to act as anger over inequality reaches a ‘tipping point’
By Michael Savage Apr 7 2018
<https://www.theguardian.com/business/2018/apr/07/global-inequality-tipping-point-2030> https://www.theguardian.com/business/2018/apr/07/global-ineq...
"The world’s richest 1% are on course to control as much as two-thirds of the world’s wealth by 2030, according to a shocking analysis that has lead to a cross-party call for action."
Hard to rationalize the inequalities in the distribution of wealth in a "World After Capital" where the commodity in short supply is attention.
From the webpage for the TL;DR folk: Technological progress has shifted scarcity for humanity. When we were foragers, food was scarce. During the agrarian age, it was land. Following the industrial revolution, capital became scarce. With digital technologies scarcity is shifting once more. We need to figure out how to live in a World After Capital in which the only scarcity is our attention.
- Can_Not 9y ago> the only scarcity is our attention. I'm surprised nobody brought up artificial scarcity. Debeer's diamond cartel is one of the most recognized early examples of artificial scarcity. Lots of places have artificial land shortages. There's plenty of capital to solve societies big problems but instead we have economic waste like 20 companies cloning the latest candy crush app.